This property looks like a bad Mid-Term investment with a projected -3.99% first-year return on $139k initial cash invested.
-3.99%
Cash On Cash
5.9%
Cap Rate
0.92
DSCR
$5,128
Rent
-$461
Cashflow
Cash Flow
$5,128 income − $5,589 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,128
Total Expenses
$5,589
Mortgage P&I
60%
$3,084
Property Taxes
11%
$561
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564